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January 2013 Archives

Mickelson causes tax controversy over his tax rate

With the New Year underway we are all feeling the effects of the tax changes, even professional golfer Phil Mickelson. Over the weekend, he made a bold statement saying that the recent tax hikes on the rich may "force him to make drastic changes" implying that he might be leaving golf or his home in California. Because he is a public figure, this tax controversy was brought to the forefront of the evening news.

FBAR case nets $22M for IRS; possible jail for heiress

Now is clearly not the time to be playing coy with Washington. As we've noted for a while now, the Internal Revenue Service is stepping up its tax evasion enforcement game against Americans in the District of Columbia area and the rest of the country who they suspect of having undeclared caches of cash in foreign banks.

IRS need to close tax gap should put payers on alert in 2013

The financial pressures on the country are about the only things that seem to be a certainty these days. The recent stop-gap move by Congress this past week has avoided the fiscal cliff for now, but there are a lot of things that lawmakers in Washington, D.C., are going to have to deal with in the not too distant future. Some in Congress say we should not expect to see much of anything but financial crisis questions on the docket through March.

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